Which mortgage term should I choose? Many people get very anxious when it comes to choosing the term on their new mortgage, whether it is a home purchase or a refinance. Term is just another way of saying the length of the...
Why are home mortgages sold, sometimes more than once? Many people are confused when their home loan is sold to another lender. They feel it is a reflection on them or wonder why the lender didn't want them as a...
Title insurance comes in two forms, owner's policy and lender's policy. As they imply, owner's policy covers the owner of the property and lender's policy covers the lender for the life of the loan. Title...
The interest on a home mortgage is paid in arrears. This means that you pay interest for each month with the next mortgage payment (meaning you pay the interest for January with the payment on February 1). Therefore, whenever...
This is the twelfth installment in an ongoing series on mortgage basics. On my mortgage website, I cover a host of topics on my frequently asked questions page. Since this is the most popular page on my site, I thought it...
This is the fifth installment in an ongoing series on mortgage basics. On my mortgage website, I cover a host of topics on my frequently asked questions page. Since this is the most popular page on my site, I thought it might...